7 things you need to know about Brexit

What is “hard” Brexit? What is “soft” Brexit? What is likely to happen? Morningstar’s director of investor education Karen Wallace has the answers

Karen Wallace 10 December, 2018 | 8:00PM

1. What is Brexit?

On June 23, 2016, the United Kingdom held a referendum. Voters were invited to give their opinion on whether or not the U.K. should remain a member of the European Union or leave. "Leave" won, 51.9% to 48.1%. "Brexit" is a combination of "Britain" and "exit." While not everyone voted, the turnout (at 72%, or more than 30 million votes) was much higher turnout than general elections.

2. When is the U.K. due to leave the European Union?

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About Author

Karen Wallace

Karen Wallace  Karen Wallace, CFP® is Morningstar’s director of investor education.

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